this post was submitted on 27 Jul 2025
602 points (78.4% liked)
memes
16588 readers
3277 users here now
Community rules
1. Be civil
No trolling, bigotry or other insulting / annoying behaviour
2. No politics
This is non-politics community. For political memes please go to !politicalmemes@lemmy.world
3. No recent reposts
Check for reposts when posting a meme, you can only repost after 1 month
4. No bots
No bots without the express approval of the mods or the admins
5. No Spam/Ads
No advertisements or spam. This is an instance rule and the only way to live.
A collection of some classic Lemmy memes for your enjoyment
Sister communities
- !tenforward@lemmy.world : Star Trek memes, chat and shitposts
- !lemmyshitpost@lemmy.world : Lemmy Shitposts, anything and everything goes.
- !linuxmemes@lemmy.world : Linux themed memes
- !comicstrips@lemmy.world : for those who love comic stories.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Yeah, I'm going to buy my games with bitcoin now.
Oh shit, the fee is higher than the price of the game, can I use Litecoin ?
The current Bitcoin transaction fee is $0.67. Which means for a purchase larger than $34, Bitcoin is cheaper than the average credit card transaction fee.
For a ~60 minute confirmation target. It's $0.77 for a 20 minute confirmation target right now. The daily average is $1.03.
And lets not forget that the only reason the price is so low now is because people aren't competing much for those transactions. If people actually used bitcoin to buy games the transaction fee would increase significantly.
I don’t have a credit card. If you pay per transaction, is there at least no monthly base fee?
A credit card, in the US, has a transaction fee for the vendor, 1-3% of the purchase price, sometimes with a flat few cents fee on top.
The consumer has no transaction fee, but does pay interest (around 28% annually) if they don't pay off the full balance every month (if they do pay it in full at the end of the month, there is no interest charge). Usually there will be a 1-2% cash back for the consumer as well.
Some credit cards also have an annual fee for the consumer. These generally have higher cash back rewards and higher vendor transaction fees than those that don't.
Don't forget secured cards, which require an upfront deposit, and cards with regular monthly or annual fees, simply for having them, regardless of whether you use them or not.
Thats the kind of credit cards you get offered if you are bad with credit cards (cough most Americans are cough thats kinda the whole business model cough), or, if someone steals your identity and you either don't have enough time or money or otherwise can't sufficiently prove to credit reporting agencies / banks that that is what happened.
Go to a credit union. Your local credit union will offer better rates and good limits with low fees compared to big banks. My first card at 18 was a secured card, $500 limit and a 4% interest if you didn’t pay off your card. After six months it went to am unsecured ans $1500 limit. All with no fees.
Yeah, I know it can be hit or miss depending on your location, but I have had similarly good experiences with my local credit union... you just prove to them in a more old fashioned way that you're responsible, and they'll often be flexible with you in ways that banks aren't.
Thanks.
There are are no other fees for holding crypto, you only pay when you move it from one place to another, those fees change depending on time of day/week as well. Though some services (like coincards) may take additional processing fees.
The merchant pays the fee. With cryptocurrencies, the consumer pays the fee. Some sites offer a discount for paying with cryptocurrency as a result. For example, most precious metals dealers who accept Bitcoin offer a 3% discount for using it.
You only have to wait one hour for the transaction to be confirmed. It also takes a shit load of energy and is extremely inefficient compared to credit card payment processors. Woohoo!
I only buy games at $30 or cheaper. So that won't work for me 🤷♂️
Cumrocket is the way!
Thanks for the tip, I'm putting all my life savings into it then.
This exists too
spoiler
https://coinstats.app/coins/8fZL148nnC168RAVCZh4PkjvMZmxMEfMLDhoziWVPnqf_solana/Bitcoin is pretty old, newer cryptocurrencies are more efficient.
I'm glad we're spending the equivalent of a couple dozen million households of electricity on it
Let's not ask how much power Visa and MasterCard use for their global monopoly.
Literally orders of magnitude less? Are you not familiar with how proof of work crypto operates? Being energy inefficient is the whole point.
You're so right, environmental impact has not been assessed by any cryptocurrency ever made. Literally zilch. None. Nada.
? And that makes bitcoins waste disapear?
No, and I never stated that. I just think it's stupid to group all of crypto as an environmentally unsustainable technology. Following your logic, switching to electric cars isn't worth it because the 100 years of petroleum pollution won't disappear.
Meanwhile the US military's energy budget eclipses global crypto mining essentially to maintain petrodollar dominance and American residents pay for it.
Yeah I'm using this cool new Lightning cryptocurrency, check it out.
Lightning network exists too
Litecoin is cool.